B.E. Capital Management Fund LP v. Fund.com Inc.

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The Court of Chancery denied the appeal of Philip Gentile from the determination that Gentile’s claim for $497,739 against Fund.com Inc. (the Company) was time-barred. After a Receiver was appointed for the Company, it commenced a process for marshaling the Company’s assets, determining its liabilities, and winding up its affairs. Gentile, the Company’s former CEO, contended that he was entitled to recover the amount sought as a result of various breaches of his employment agreement with the company. The Receiver rejected the claim as time-barred. The Court of Chancery adopted the Receiver’s determination as a decision of the court, holding that the Receiver correctly determined that Gentile’s claim was barred by the statute of limitations. View "B.E. Capital Management Fund LP v. Fund.com Inc." on Justia Law